Indian company the Policy Exchange (TPE) has secured $1.5m (Rs133.04m) in a Pre-Series B investment round, with VLS Finance, True Blue Holding and 1Crowd serving as principal backers.
The round also saw the involvement of various investors.
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According to the company, the new capital will be channelled towards upgrading its technological capabilities, scaling up operations and increasing public awareness as it seeks to expand its presence throughout India.
Sumit Goel of Alps Financial Consultants and Amesh Bansal of Aspire AD Astra Advisors acted as investment bankers for the transaction.
TPE CEO and co-founder Tarun Bahri said: “At the Policy Exchange, we are reimagining how people view insurance and investments – not as obligations but as opportunities to unlock value and liquidity.
“Our journey so far has been about turning ideas into impact. This funding validates our disciplined, customer-first approach and will enable us to scale faster, deepen our technology stack and drive the next phase of growth.”
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By GlobalDataTPE stated that it has set a target to safeguard one million individuals over the next three years by implementing a technology-led strategy intended to provide policyholders with liquidity, accessibility and transparency.
The company is working on creating an intelligent platform that enables policyholders to manage and extract value from their insurance policies while maintaining coverage.
TPE highlighted that lapses in policies due to financial pressure often leave families without protection or returns on their investment – an issue it aims to address.
With its team possessing more than 75 years of combined experience across sectors including telecom, banking and insurance, TPE says it is using industry knowledge and digital frameworks to update the way customers interact with their insurance products.
TPE noted that a focus on data-driven processes and customer-oriented design enables the company to establish a distinct role within India’s evolving insurtech landscape.
TPE board member and director Praveen Trivedi said: “The Policy Exchange is solving a real and under-served problem at scale. Their founders bring unmatched experience in financial services and have built a credible business that merges empathy with innovation.
“We are confident their differentiated model will create long-term value in India’s rapidly evolving insurance landscape.”
